California Water Service Reports Q2 2026 Earnings and Operational Highlights
California Water Service Group (CWT) reported its second-quarter earnings for fiscal year 2026, highlighting key developments including the resolution of a California general rate case that was implemented retroactively from January 1. The company also reached a full settlement in its Washington state rate case during the quarter. The firm invested $270 million in capital expenditures over the first six months of the year, focusing on infrastructure upgrades and PFAS treatment programs across service areas. To support this growth, CWT raised approximately $88.8 million through an at-the-market stock program. The company also declared its 326th consecutive quarterly dividend of $0.335 per share. Martin Kropelnicki, CEO, and James Lynch, CFO, provided further details during the earnings call, emphasizing progress in rate case settlements and capital investment initiatives as part of ongoing operational strategies.
Tickers: $CWT
Topics: California Water Service Group Earnings Call Q2 Earnings